
Cheap Apartments for Rent in Grafton, IA from $400 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Grafton.


Key Apartments

City Center Kent Apartments

18 S Adams Ave

Key West Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

A-Lea Apartments

CityView Apartments

Meadow Lake of Clear Lake Apartments

Pebble Creek Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Skye Lofts Apartments

UNION HOUSE APARTMENTS

Rolling Meadows Apartments

101 Elm St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

21 N Federal St
Grafton, IA Local Guide

How much does it cost to rent an apartment in Grafton?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Grafton Studio Apartments | $901 | $405 | $1,341 |
Grafton 1 Bedroom Apartments | $1,069 | $495 | $1,790 |
Grafton 2 Bedroom Apartments | $1,321 | $750 | $2,325 |
Grafton 3 Bedroom Apartments | $1,243 | $935 | $2,000 |
Grafton 4 Bedroom Apartments | $937 | $937 | $937 |
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Grafton, IA Local Guide
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Cheapest Available Grafton Apartments for Rent and Nearby
 The cheapest available apartment rental in Grafton, IA is a Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Grafton apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shalom Tower II | Tower I Efficiency | Studio,1BA | $405 |
Key Apartments | Efficiency | Studio,1BA | $450 |
City Center Kent Apartments | Studio | 1BR,1BA | $495 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
Key West Apartments | Studio | Studio,1BA | $550 |
Best Value Apartments for Rent in Grafton, IA and Nearby
As of June 02, 2025 the best value apartment in the Grafton area is the $1.36 price per square foot 2 Bedroom w/ Den Model at Skye Lofts Apartments in the starting from $1,900. The second greatest value Grafton apartment is the 3 Bedroom 1.5 Bathroom Model at Meadow Lake of Clear Lake Apartments starting at $965 with a $1.02 price per square foot . Here is today’s list of the best values for Grafton apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
Meadow Lake of Clear Lake Apartments | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.02 |
Irish Hospital Apartments | Unit 1 | 2BR,1BA | $1.38 |
Lincoln Apartments LLC | Apt. 17 | 2BR,1BA | $1.36 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
Webster Apartments | Apt. 10 | 2BR,1BA | $1.36 |
The Meadows | 1 Bedroom 1 Bath | 1BR,1BA | $1.27 |
Rolling Meadows Apartments | - 1 Bedroom/1 Bath Apartment in Excellent Loca... | 1BR,1BA | $1.40 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Grafton, IA
Walk Score®
12 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
32 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Grafton Apartments
What is the Cheapest Studio apartment in Grafton?
Currently the most affordable Cheap Studio Apartment in Grafton is at Shalom Tower II listed at $405.
How much is rent for a Cheap One Bedroom Grafton Apartment?
The lowest price for a Cheap One Bedroom Grafton Apartment is $495 at City Center Kent Apartments.
What is the lowest price for a Cheap Two Bedroom Grafton Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grafton is starting from $800 at Skye Lofts Apartments.
What is the most affordable Grafton Three Bedroom Apartment?
The best deal on a cheap Grafton Three Bedroom Apartment rental is at Meadow Lake of Clear Lake Apartments and starts from $965.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.